Age 65 and Over Cohort Sees More Workforce Shrinkage
Another month in, and divergence of the Employment to Population Ratios for the under 65 (blue) and over 65 (red) age cohorts widens further. If these trends hold like this, even until, say, the end of the year, the labor recovery, such as it is, will be quite unique in history. Growth for the 65+ cohort was outpacing the average since 2013, and had actually eclipsed growth for the 16-64 age cohort up until very the moment Covid struck. Things could get interesting.